Company News
HARBIN, China , Dec. 15, 2011 /PRNewswire-Asia-FirstCall/ -- China XD Plastics Company Limited (NASDAQ: CXDC, "China XD Plastics" or the "Company"), one of China 's leading specialty chemical players engaged in the development, manufacture, and sale of modified plastics primarily for automotive applications, today announced that the Company's shareholders voted upon all the proposals as recommended by the board at the 2011 annual shareholders meeting held in Sanya, China on December 14, 2011 .
The following three proposals were approved by the Company's shareholders at the 2011 annual shareholders meeting:
- Ratify setting the authorized number of members of the Board of Directors ("the Board") at nine members.
- Elect a total of nine directors to the Board of the Company, including two directors elected solely by the holders of the Company's Series D Preferred Stock, to serve until the next annual meeting of shareholders and until their successors are duly elected and qualified.
- Ratify the appointment of KPMG as the Company's
For more information, please contact:
China XD Plastics Company Ltd.
Mr. Taylor Zhang, CFO
T +1-646-213-1914 (New York)
Mr. Allan Lao, IR Director
T +86-451-8434-6600 (China)
E cxdc@chinaxd.net